US Spot Bitcoin exchange-traded funds (ETFs) have recently purchased around six times of Bitcoin produced in the past week. The Spot Bitcoin ETFs purchased around 18,644 BTC in the last week, when just 3,150 BTC were mined for that duration, as reported by HODL 15 capital.
The miners are allowed to generate only 450 coins per day, and now the purchase by institutions and ETF issuers signals around six times the amount of BTC produced. An investment management boutique, Far side Investors, reported that the overall inflow for the last five trading days stood at $1.8 billion.
US Spot Bitcoin exchange-traded funds (ETFs) have recently purchased around six times of Bitcoin produced in the past week. The Spot Bitcoin ETFs purchased around 18,644 BTC in the last week, when just 3,150 BTC were mined for that duration, as reported by HODL 15 capital.
The miners are allowed to generate only 450 coins per day, and now the purchase by institutions and ETF issuers signals around six times the amount of BTC produced. An investment management boutique, Far side Investors, reported that the overall inflow for the last five trading days stood at $1.8 billion.
After a week of high-level fluctuations, the entire market has generally begun to pull back. As Bitcoin and Ethereum have been stuck at a bottleneck without upward momentum, the probability of a pullback is very high. Therefore, this week is for everyone to wait for the opportunity to add positions. The comparison between the price at which we reduced our positions and the current price further verifies that we made the right choice.
Ethereum dipped today to around the 1800 mark, and after stabilizing, it began to rebound. Looking at the hourly chart, resistance is near 1840, and further up, resistance is at the previous high around 1870. Due to the holiday and the weekend, it remains a fluctuating trend with limited operational space.
Bitcoin today dipped below the 96000 mark, which is also the support on the 4-hour chart. This rebound has touched the hourly resistance at 96300, and there is no momentum to break upward further. The market will continue to fluctuate.
Although the overall altcoin market can obtain more chips with the same funds for position additions, Bitcoin and Ethereum still show no trend of breaking upward. When Bitcoin and Ethereum pull back, especially Ethereum, it will still drag the altcoins down. That will be a good time to add positions.
As the holiday comes to an end, Taco also wishes everyone a happy Labor Day. When the market shows a turning point and it's time to add positions, Taco will post updates at the first opportunity. Just keep following for continuous updates.
#Beppe77x šš¼šš¼š§§š§§š§§šš $BNB $BTC $ETH Operations in progress .. š·š«ā If you can no longer see me, you have been selected ā ļø And now cold beer š» ā¼ļø And š§§šš§§ #Write2Earn #Write&Earn
$BIO /USDT Post-Launchpool Surge: Price, Trends, and Insights šš„ $BIO /USDT is making waves on Binance following its launchpool phase! The current price stands at 0.0747, marking a solid 9.53% increase over the past 24 hours š. The 24-hour high reached 0.0775, with a low of 0.0671, supported by a trading volume of 70.44M BIO (equivalent to 5.07M USDT) š¹. A recent 5.51% spike highlights strong bullish momentum š.The 1-day chart tells an interesting story: BIO saw a peak around 0.1400 in early March, followed by a sharp decline to a low of 0.0470 by mid-April. Since then, the token has been on a recovery path, with a steady uptrend through late April and early May. The Volume SMA indicator shows increased trading activity during this recovery, suggesting growing interest from buyers š. The recent breakout above 0.0700, a key psychological level, indicates potential for further gains if the momentum holds.
Brothers should play well when it's time to play, and trade seriously when it's time to trade. The purpose of trading is for a better life. Hunter just returned to the hotel and is a bit tired, so let's casually discuss the market today! The Bitcoin looks quite strong and hasn't retraced much! At the current position, you can see that the market is at the middle band of the 4ļøā£h Bollinger Bands! This position shows strong support! Additionally, from the 1ļøā£h perspective, the price has broken through the downward trend line, signaling a stop to the decline and stabilization! Therefore, at this position, the small-scale downtrend is likely to reverse, and it will continue to test the resistance level! In fact, from the daily line, Bitcoin has not weakened, so Hunter still leans towards continuing to see a bullish breakout at the daily level! ps: Hunter has no paid services, be cautious of scams!
Your crypto wallet is a prime target for hackers. Time to build a digital fortress!
--- 5 Non-Negotiable Security Layers š”ļø
1. 2FA: Your Digital Drawbridge š - SMS authentication = Swiss cheese security ā ļø - Use Google Authenticator + YubiKey for ironclad protection š - Store backup codes in a fireproof safe, NOT digitally š
2. Password: The Ultimate Gatekeeper š° - Create 20+ character phrases like "DiamondHandsHoldStrong2024!" š§Ø - Never reuse passwords across platforms ā»ļø - Use a hardware password manager for maximum security šļø
3. Phishing Defense: Spot the Wolves šŗ - Only access Binance through bookmarked links š - Triple-check all URLs before entering credentials š - Immediately delete any "support" emails - they're scams š§
4. Cold Wallet Strategy: Sleep Soundly š“ - Store 90%+ of assets in cold storage āļø - Keep only necessary trading funds on Binance š° - Whitelist only your personal wallet addresses š
5. Device Protection: Keep It Clean š§½ - Use a dedicated device for crypto activities š± - Run weekly malware scans with premium software š¦ - Always use VPN on public networks š
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3 Instant Death Traps to Avoid ā ļø
1. Any "Binance Support" direct messages = 100% SCAM 2. Clicking links in Telegram/WhatsApp = Instant hack risk 3. Disabling security features for convenience = Digital suicide
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Pro Security Hacks š
- Enable 72-hour withdrawal delays ā³ - Create email accounts used exclusively for Binance šØ - Conduct monthly security audits of connected devices/apps š - Activate IP address whitelisting š
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Final Truth: In crypto, security isn't optional - it's survival.
Share this guide now š Your entire crypto network is only as strong as its weakest link!